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The global glucuronolactone market is expected to grow at a CAGR of 5% in the forecast period of 2024-2032.
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Based on application, the energy supplements segment is predicted to account for a significant market share in the glucuronolactone industry. This can be attributed to the rising awareness among consumers pertaining to health and fitness. Consumers are increasingly investing in energy drinks, especially fitness enthusiasts and the youth that enjoy energy-boosting food and beverages. In addition, the use of glucuronolactone as a detoxifying agent in functional beverages is also expected to contribute to its overall popularity in the forecast period.
North America is anticipated to occupy a significant share of the global glucuronolactone industry in the forecast period. This growth can be attributed to the heightened utilisation of glucuronolactone as a nutritional supplement in the region, motivated by the increasing health consciousness among consumers. In addition, high consumer purchasing power and high standards of living are also leading to the industry growth. Moreover, the presence of leading beverages manufacturers in the region is also contributing to the industry growth. For instance, Monster Energy is an exceptionally popular energy drink in the region.
Glucuronolactone refers to a chemical that primarily finds usage in the manufacturing of energy drinks. It is used as it can help enhance attention and improve athletic performance. It is a naturally occurring substance and a critical element in nearly all connective tissues. It is produced in the body in small amounts. In addition, it can also be manufactured synthetically in laboratories to be used in food and beverages as a performance enhancer and recovery aid.
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By application, the market is divided into:
Based on end use, the market can be categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The rising investments in the pharmaceutical sector are aiding the growth of the glucuronolactone industry. This can be attributed to the increased usage of glucuronolactone in the production of drugs, wherein glucuronolactone is used as an additive to maintain consistency and other characteristics. In addition, the rising incidences of chronic illnesses along with the growing geriatric population are also adding to the overall market growth. Moreover, the high usage of glucuronolactone in the food and beverages sector, for instance, as a curing, pickling and leavening agent, is also predicted to bolster the market growth. Furthermore, the rising health consciousness and increased interest in improving physical fitness are also anticipated to boost the demand for glucuronolactone in the forecast period.
The report gives a detailed analysis of the following key players in the global glucuronolactone market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 5% between 2024 and 2032.
The major drivers of the market include the increased demand for energy supplements, rapidly growing demand from the food and beverages sector, and increasing investments in research and development activities.
The key trends of the market include increasing applications of glucuronolactone and the heightened demand for nutritional supplements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant applications of glucuronolactone include preservatives, antioxidants, processing aids and additives, and energy supplements, among others.
The important end uses include food and beverages, and pharmaceuticals, among others.
The key players in the global glucuronolactone market are Aceto Coporation, Creative Compounds, Foodchem International Corporation, MilliporeSigma, and Shouguang Zhonghe Biochemical Engineering Co. Ltd, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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